Philip Morris USA is investing USD 50 million (EUR 36.7 million) in a warehouse complex near Richmond, Virginia, to store raw materials used to make tobacco products, the Richmond Times-Dispatch said.

Four buildings on a 118-acre site are being developed, which will be leased by Philip Morris and operated by a contractor. The complex will be ready in 2015 and is located near PM USA’s Park 500 tobacco processing facility, the newspaper said.